🔰 Pair Name : DXY
🔰 Time Frame : 4H
🔰 Scale Type : SMALL/ MID Scale
🔰 Direction : LONG/ BUY
📈 Hey there, fellow traders! Let's delve into some pure technical analysis regarding the DXY:
📊 DXY has executed an intriguing move by breaking through the 4-hour supply zone, which has now transformed into a 4-hour demand zone. This shift indicates some interesting possibilities. From a Fibonacci perspective, the price has convincingly breached the 100% Fib level.
📉 Looking ahead, this development suggests that DXY might be setting its sights on the 127% Fib level in its journey. And that's not where the story ends – a subsequent move towards the 161.8% Fib level seems to be in the cards.
🔄 But wait, there's more! A potential retest of the 100% Fib level might be on the horizon after the solid breach of the 127% level. This intricate dance of levels could play a significant role in shaping DXY's path.
📊 As always, remember that the market is a complex beast, so stay vigilant and let's see how these technical indicators align with actual price action. Keep your strategies sharp and your trades calculated! Happy analyzing! 🚀💹 #DXYAnalysis #TechnicalInsights
🔰 Time Frame : 4H
🔰 Scale Type : SMALL/ MID Scale
🔰 Direction : LONG/ BUY
📈 Hey there, fellow traders! Let's delve into some pure technical analysis regarding the DXY:
📊 DXY has executed an intriguing move by breaking through the 4-hour supply zone, which has now transformed into a 4-hour demand zone. This shift indicates some interesting possibilities. From a Fibonacci perspective, the price has convincingly breached the 100% Fib level.
📉 Looking ahead, this development suggests that DXY might be setting its sights on the 127% Fib level in its journey. And that's not where the story ends – a subsequent move towards the 161.8% Fib level seems to be in the cards.
🔄 But wait, there's more! A potential retest of the 100% Fib level might be on the horizon after the solid breach of the 127% level. This intricate dance of levels could play a significant role in shaping DXY's path.
📊 As always, remember that the market is a complex beast, so stay vigilant and let's see how these technical indicators align with actual price action. Keep your strategies sharp and your trades calculated! Happy analyzing! 🚀💹 #DXYAnalysis #TechnicalInsights
Trade active
Trade closed: target reached
